Why Gold has to go down...

Quote from Anaconda:

Did you cover? Do you plan to? Do you even have a target?

Where did you short? I know it wasn't $1000. Gold is at $950, around the same price you were talking sh*t?
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LOL, no it wasn't $1K but it was enough to make some decent green, as I added more at $990. That wasn't my point though; when someone's right, the least you can do is acknowledge it, and the right thing to do is apologize for being an ass.

As for my target, well I see it fall back under $900 in the next week or two.
 
Quote from Subdude:

LOL, no it wasn't $1K but it was enough to make some decent green, as I added more at $990. That wasn't my point though; when someone's right, the least you can do is acknowledge it, and the right thing to do is apologize for being an ass.

As for my target, well I see it fall back under $900 in the next week or two.
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You remind be of the perma bears who scream how right they were whenever some bullish stock makes a pullback. You see a small green open P&L, while the other side is sitting on massive gains. I bought my position in the high 600s and 700s, while you're getting all excited about what, 20 points?

You dont deserve an apology, cause you're still a pompous prick who thinks he knows a damn thing just because Gold made a pullback. Yeah, cause pullbacks NEVER happen, is that correct? Last I checked, you claimed it was a bubble, hence according to that line of thinking, Gold should be at 400 or below. Yet you just expect it to hit below $900. Funny.

And I never said gold would not come down, in fact I actually want it to drop ASAP before the shit really hits the fan. Not to $900 but to $600, so that I can buy it up. And it can happen but for none of the reasons you speak of. Your line of thinking is just retarded.
 
Quote from Anaconda:

You dont deserve an apology, cause you're still a pompous prick who thinks he knows a damn thing just because Gold made a pullback. Yeah, cause pullbacks NEVER happen, is that correct? Last I checked, you claimed it was a bubble, hence according to that line of thinking, Gold should be at 400 or below. Yet you just expect it to hit below $900. Funny.

And I never said gold would not come down, in fact I actually want it to drop ASAP before the shit really hits the fan. Not to $900 but to $600, so that I can buy it up. And it can happen but for none of the reasons you speak of. Your line of thinking is just retarded.
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Uh, no - I never said I was looking for $400. You remind me of the apocalyptic "prophets" who have been screaming "buy gold, sell dollar" for fucking years now. Well, gee - now you got a few more ignorant idiots on your side and you guys have pushed this fad up to $1K. Whooptie-doo.

Why don't you go to the nearest dept store and try and give them your bullions as a form of payment and see what happens. Now you really are ignored.
 
Quote from Subdude:

Uh, no - I never said I was looking for $400. You remind me of the apocalyptic "prophets" who have been screaming "buy gold, sell dollar" for fucking years now. Well, gee - now you got a few more ignorant idiots on your side and you guys have pushed this fad up to $1K. Whooptie-doo.
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Ahh, you're just a hater who missed the run up and hence needs to lash out. Tsk, tsk, tsk, gold is not dropping like a blown up bubble, what a surprise.
You called it a bubble. Last I checked, a 10% pullback is not a bursting of a bubble.

No I have not been screaming anything, nevertheless, "buy gold sell dollar" has been the trade of the decade. Something to think about.

Why don't you go to the nearest dept store and try and give them your bullions as a form of payment and see what happens. Now you really are ignored.
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I can go to a number of dealers within walking distance and get spot price for my bullion. But why would I want to, when I get spot+premium through other routes.
 
Quote from Subdude:

Uh, no - I never said I was looking for $400. You remind me of the apocalyptic "prophets" who have been screaming "buy gold, sell dollar" for fucking years now. Well, gee - now you got a few more ignorant idiots on your side and you guys have pushed this fad up to $1K. Whooptie-doo.

Why don't you go to the nearest dept store and try and give them your bullions as a form of payment and see what happens. Now you really are ignored.
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I just dropped in so I don't know the history of this trade of yours.

Did you do it in options, Tim?
 
I will repeat.

Household savings is going up by definition.

The USD will rise accordingly.

Gold will go down after this flight to safety scare is over.

That is all.
 
Quote from Dr. Zhivodka:

I will repeat.

Household savings is going up by definition.

The USD will rise accordingly.

Gold will go down after this flight to safety scare is over.

That is all.
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Wow, several amazing deductive (or inductive?) leaps all at once. Would love to hear you elaborate on the reasoning behind these amazing conclusions.
 
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